Queensland Nickel saviour to remain a mystery

Clive Palmer has refused to reveal the mystery financier behind his bid to keep his embattled Queensland Nickel afloat, according to the Australian Financial Review.

The controversial mining magnate turned Queensland federal MP insisted anonymity was a condition of the $23 million financial bailout.

Arrium praised by Turnbull

Arrium’s corporate performance is somewhat less than confidence-inspiring, but the Prime Minister Malcolm Turnbull is apparently happy to champion it, according to the Sydney Morning Herald.

And much of the board and management responsible for it lackluster performance is still in place. Geoff Plummer departed in 2013 after eight years as chief executive, handing over to Andrew Roberts. Bell Potter notes Roberts was paid $3 million in the 2014 financial, but $1.7 million in 2015.

Australian dollar hits eight-month high on China, ECB moves

The Aussie dollar has been steadily climbing over the past few weeks on the back of a rebound in the price of commodities, and continued its upward surge thanks to surprising moves by the European Central Bank and the People's Bank of China, according to the Sydney Morning Herald.

The dollar rose as high as US75.84c, its highest point since July.

Commodity currencies were boosted when China surprised markets by fixing higher its onshore yuan rate against the dollar by the fastest pace this year.